Texas Permanent School Fund Corp Decreases Position in eBay Inc. (NASDAQ:EBAY)

Texas Permanent School Fund Corp cut its position in eBay Inc. (NASDAQ:EBAYFree Report) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 109,931 shares of the e-commerce company’s stock after selling 2,173 shares during the period. Texas Permanent School Fund Corp’s holdings in eBay were worth $4,847,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EBAY. BlackRock Inc. raised its holdings in eBay by 5.4% in the first quarter. BlackRock Inc. now owns 48,038,931 shares of the e-commerce company’s stock worth $2,131,487,000 after buying an additional 2,464,766 shares during the last quarter. Acadian Asset Management LLC raised its holdings in eBay by 4,660.5% in the second quarter. Acadian Asset Management LLC now owns 1,873,363 shares of the e-commerce company’s stock worth $83,690,000 after buying an additional 1,834,011 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of eBay by 82.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,118,490 shares of the e-commerce company’s stock valued at $138,367,000 after purchasing an additional 1,410,871 shares during the last quarter. Norges Bank purchased a new position in shares of eBay during the fourth quarter valued at approximately $50,018,000. Finally, Morgan Stanley raised its holdings in shares of eBay by 19.1% during the fourth quarter. Morgan Stanley now owns 6,930,601 shares of the e-commerce company’s stock valued at $287,412,000 after purchasing an additional 1,111,088 shares during the last quarter. 85.87% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $43.49 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a fifty day moving average price of $42.27 and a 200 day moving average price of $42.33. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $49.66. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.90 and a beta of 1.30.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 4,930 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $42.66, for a total transaction of $210,313.80. Following the completion of the transaction, the senior vice president now owns 49,897 shares in the company, valued at $2,128,606.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EBAY shares. Morgan Stanley decreased their price objective on shares of eBay from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Wednesday, November 8th. Stifel Nicolaus started coverage on shares of eBay in a report on Tuesday, October 17th. They set a “hold” rating and a $46.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of eBay from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Truist Financial decreased their price objective on shares of eBay from $54.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Finally, Benchmark cut their target price on shares of eBay from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.75.

Check Out Our Latest Research Report on EBAY

eBay Profile

(Free Report)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.

Further Reading

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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